Service

KPMG Asset Management Platform

Automate all phases of the tax compliance and planning process, from data collection, to tax form generation and distribution.

Kevin Jackson

Kevin Jackson

Partner in Charge, Tax, KPMG US

+1 214-840-2528

Deirdre Fortune

Deirdre Fortune

Partner, Deputy Tax Leader – Public Investment Management, KPMG US

+1 407-563-2230

Jay Freedman

Jay Freedman

Principal, Tax Asset Management, KPMG US

+1 212-954-3693

Jeff Millen

Jeff Millen

Partner, Tax, BTS - NYFS Asset Management, KPMG US

+1 212-872-4490

Yesenia Scheker

Yesenia Scheker

Partner, Tax, BTS - NYFS Real Estate, KPMG US

+1 212-954-3509

Charles Ferentinos

Charles Ferentinos

Partner, Tax Technology, KPMG US

+1 201-307-8093

Brad Sprong

Brad Sprong

Partner, National Tax Leader, KPMG Private Enterprise, KPMG US

+1 816-802-5270

Automate compliance, planning, and reporting

The KPMG Asset Management Platform (AMP) is leading-edge technology that can help you reimagine cost-effective, innovative ways to execute tax compliance and planning. Informed by our extensive, in-depth tax knowledge of asset management entities such as passthroughs, Regulated Investments Companies (RICs), and Real Estate Investment Trusts (REITs), the Asset Management Platform enables efficiency and transparency and helps normalize big data so you can save time, improve accuracy, and discover new tax value-adds for your organization.


Your impact: Features and benefits

Accessible: Easily accessible shared tool

  • Web-based and mobile accessible – available anytime, anywhere.
  • Real-time document collaboration and milestone tracking.
  • Shared access for client, KPMG, and authorized third parties.

Transparency: A window to your data

  • Drill-down views to analyze source amounts & adjustments.
  • Customized reports.
  • Audit trail of changes and updates.
  • Real-time visualization of your fund’s organizational structure.

Automation/Validation: Increased operational efficiencies

  • Supports all major asset classes for both Federal & State.
  • Seamless allocation & tiering for multi-level structure.
  • Easy setup process across entities with similar attributes.
  • Automate book/tax adjustment via percentage or change in balance.

Analytics: New insights to effectively run your business

  • What-if scenarios using copied projects and/or trades & holdings.
  • On-demand generation of tax estimates in custom reports.
  • Graphic data visualizations for decision support.
  • Quantitative relationships for patterns and trends in your tax data.
  • Predictive analytics in the use of models and visualizations for decision support.

Highlights by sectors

Private Equity

  • Fund and/or deal-specific allocations
  • Seamless integration with custom waterfall allocation models
  • Automated K-1 scanning and aggregation of K-1 pickups, including footnotes
  • Customizable workflow for the collection of K-1 pickups and other documents from third parties
  • Book and tax basis tracking of investments
  • Integration with fund administrators for automated consumption and validation of book data

Real Estate

  • Fund and/or deal-specific allocations
  • Seamless integration with custom waterfall allocation models
  • Automated K-1 scanning and aggregation of K-1 pickups, including footnotes
  • Customizable workflow for the collection of K-1 pickups and other documents from third parties
  • State apportionment and withholding
  • Federal and State UBTI reporting
  • REIT Asset & Income Test Reporting

Hedge Funds

  • 704(c) aggregation (full or partial netting) and lot layering
  • Support for multiple pools/side pockets
  • Identification and treatment of wash sales, constructive sales, straddles, 1256 and 988 MTM, qualified dividend income, dividend received deduction, REIT dividend income reclassification, original issue discount and market discount
  • Lot-level book and tax basis tracking of investments enabling tax aware investing
  • Integration with fund administrators for automated consumption and validation of book data
  • Integrated business intelligence module enables real-time visualizations and data analytics

Securities Analyzer

  • Identification and treatment of wash sales, constructive sales, straddles, 1256 and 988 MTM, qualified dividend income, dividend received deduction, REIT dividend income reclassification, original issue discount, and market discount
  • Lot-level book and tax basis tracking of investments enabling tax aware investing
  • Holding period tracking and adjustment
  • Per-share tax liability calculations
  • Tax lot relief identification
  • Integration with fund administrators for automated consumption and validation of trade data

Family Office

  • Cross-client tiering of K-1 information from funds serviced by KPMG
  • Automated K-1 scanning and aggregation of K-1 pickups, including footnotes
  • Customizable workflow for the collection of K-1 pickups and other documents from third parties
  • Book and tax basis tracking of investments
  • Automated feed to CCH Axcess 1040/1041 preparation

 

Regulated Investment Companies

  • Calculate tax provisions for fiscal year-end, excise, modeling, and interim distributions
  • Customize tax reports for downstream users – financial reporting, treasury, middle and front offices
  • Integrated book-to-tax adjustments for wash sales, straddles, constructive sales, QDI, DRD, FTC, and various debt analysis
  • Seamless production of tax forms - 1120-RIC, 8613, 8621, 7004, and more

Real Estate Investment Trusts

  • Production of Form 1120-REIT federal tax workpapers
  • Earnings and profits basis tracking
  • Net operating loss carryovers
  • Tier 1065 workpaper investments
  • Asset & Income Test Reporting


Compliance and planning

KPMG Asset Management Platform is built on a foundation of data management, collaboration, workflow tracking, and reporting. This scalable infrastructure enables faster turnaround of tax compliance and planning deliverables while increasing consistency and accuracy.

Compliance process Planning process
  • Complete transparency into the status of tax deliverables and the capability to drill-down into calculations (not a black box).
  • Reduced risk of missing tax compliance and investor reporting deadlines.
  • Increased operational efficiencies across all aspects of tax compliance (data collection, updating financial & investor/shareholder info, creating reports and tax filings).
  • Minimized rework time & enhanced reporting derived from one tax technology platform supporting all major asset classes for both Federal and State.
  • Improved decision support enabled by scenario planning, modeling, estimates and data analytics.
  • Removal of constraints on business growth and profitability by replacing manual processes and legacy systems.

Our people serving you

Our tax and technology expertise serving partnerships, RICs, and REITs, coupled with the KPMG Asset Management Platform, is the perfect combination to assist your organization with automating and streamlining compliance, planning, and reporting.

Our services Getting started
The partners and professionals of KPMG’s Pass-through Services practice have extensive experience helping numerous partnerships, RIC, and REIT structures overcome their unique tax challenges. Working with our state and local and Washington National Tax teams, we help you realize tax advantages and maintain compliance by adding clarity through:
  • Modeling
  • Entity formation structuring
  • Legislative & regulatory developments
  • Transactions
  • Tax planning
As part of the delivery model, a member of the tax technology team will be available to you throughout the transition planning, client onboarding, and service stages. Some of the key tasks that the combined KPMG tax & technology team will perform during your onboarding includes:
  • Understanding your current process, data & systems.
  • Identifying key milestones to track.
  • Reviewing & importing your investor & entity data.
  • Reviewing system generated fund/organization charts for accuracy.
  • Tailoring reports to serve your management team and investor demands.

Contact us

Kevin Jackson

Kevin Jackson

Partner in Charge, Tax, KPMG US

+1 214-840-2528
Deirdre Fortune

Deirdre Fortune

Partner, Deputy Tax Leader – Public Investment Management, KPMG US

+1 407-563-2230
Jay Freedman

Jay Freedman

Principal, Tax Asset Management, KPMG US

+1 212-954-3693
Jeff Millen

Jeff Millen

Partner, Tax, BTS - NYFS Asset Management, KPMG US

+1 212-872-4490
Yesenia Scheker

Yesenia Scheker

Partner, Tax, BTS - NYFS Real Estate, KPMG US

+1 212-954-3509
Charles Ferentinos

Charles Ferentinos

Partner, Tax Technology, KPMG US

+1 201-307-8093
Brad Sprong

Brad Sprong

Partner, National Tax Leader, KPMG Private Enterprise, KPMG US

+1 816-802-5270